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In 2002 it was revealed the company had underfunded the pension for employees by $44 million. [4] GS Steel derives its name from Georgetown Steel which operates a steel plant in Georgetown, South Carolina. The South Carolina and Missouri operations were combined by Bain. [7] The South Carolina plant closed in 2003.
ArcelorMittal was formed in 2007 from the $33 billion acquisition of Arcelor by Mittal Steel Company. [1] [5] The merger was consummated after Mittal Steel Company raised its bid for Arcelor and the Mittal family agreed to relinquish its controlling stake in the company and execute a standstill agreement not to acquire a controlling interest without approval from independent directors.
Laiwu Steel (merged into Shandong Iron and Steel Group) Lone Star Steel Company (acquired by U.S. Steel in 2007) Maanshan Iron & Steel (acquired by China Baowu in 2019) Mittal Steel Company (merged with Arcelor forming ArcelorMittal) National Steel Corporation (acquired by U.S. Steel in 2003) Northwestern Steel and Wire (reorganized and ...
Arcelor S.A. was the world's largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of €30.2 billion and shipments of 45 million metric tons of steel in 2004. The company was created in 2002 by a merger of the former companies Aceralia (Spain), Usinor (France) and Arbed (Luxembourg).
In March 2006, the company launched an offer for the French conglomerate Arcelor. [6] The offer did not materialize and Arcelor was instead acquired by Mittal Steel Company on 25 June 2006 to create ArcelorMittal. In April 2006, Severstal and Arcelor inaugurated the Severgal joint venture, at that time owned 75% by Severstal and 25% by Arcelor. [7]
The Severstal Dearborn's cold mill produces 1.8 million tons (1.6 million metric tons) of steel in thicknesses from 0.014 in. through 0.110 in. (0.36 mm through 2.79 mm) with widths form 28 in. to 61 in. (711 mm to 1,549 mm).
The city was named for Henry Dearborn, Revolutionary War general and Secretary of War, [4] [5] and was incorporated in 1882. [6] From 1913 to 1933, Dearborn was one of the stops along the Kansas City, Clay County and St. Joseph Railway (KCCC&SJ), an interurban light rail line connecting Kansas City and St. Joseph. Portions of the right-of-way ...
Mittal Steel Company N.V., incorporated in the Netherlands and headquartered in the United Kingdom, was a steel producer. In 2006, it produced 110.5 million tonnes of steel and had annual production capacity of 138 million tons of steel. [1] In August 2006, it acquired Arcelor to form ArcelorMittal.